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WE Holdings sells unit for S$8.4m
Published Sun, Jul 20, 2014 · 10:00 PM
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ELECTRONICS company WE Holdings announced on Friday night that it had sold off its main components distribution business to associate company Jubilee Industries Holdings for US$8.4 million.
The sale price of WE Components (WEC) was at a 26 per cent premium over its net tangible asset value of US$6.7 million. The sale excludes the Ubi pr…
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